We often recommend a trust as part of a comprehensive Estate Plan. This article is the second in a two-part series that examines the effect that title has on an Estate Plan. The first step is understanding what forms of ownership your state … [Read more...] about How Do I Title Thee…Part II
You should take a comprehensive approach to your financial endeavors. Of course, the first priority is to accumulate resources, but you should also take the appropriate steps to protect what you have earned. In this post, we will look at a few … [Read more...] about Asset Protection: Secure Your Resources
Before we look at the question that serves as the title of this post, we should explain some things about living trusts. First, you should understand the fact that you do not lose direct personal control of assets that you convey into a living … [Read more...] about Are Living Trust Distributions Taxable?
Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions … [Read more...] about Application of the Updated Life Expectancy Tables
Most people do not have estate plans in place, and one of the underlying reasons is the assumption that estate planning involves one simple act. You draw up a will at some point when you are old and gray, and you have taken care of the … [Read more...] about Why Would You Use a Trust Instead of a Will?
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these … [Read more...] about The Importance of Insuring Real Estate